04-July-2026
Economy News
 
Sri Lanka is now upper middle income. Why India stays put despite a booming economy
04-Jul-2026

The World Bank has moved Sri Lanka back into the upper-middle-income category, marking a significant milestone in the island nation's recovery from its devastating 2022 economic crisis. Vietnam and the Philippines have also been upgraded, reflecting years of sustained economic expansion.

News Source:- https://www.moneycontrol.com/news/india/sri-lanka-is-now-upper-middle-income-why-india-stays-put-despite-a-booming-economy-13965878.html